Global Submersible Pump Market Trends, Forecast Report 2025-2037
Submersible Pump Market size is predicted to rise from USD 11.18 billion to USD 22.34 billion, reflecting a CAGR of over 5.6% during the forecast timeline, from 2025 through 2037. In the year 2025, the industry size of submersible pump is evaluated at USD 11.67 billion.
The market growth is driven by growing investment in infrastructural development. By 2025, the global annual expenditure on the development of infrastructures is expected to exceed USD 9 trillion. Submersible pumps are utilized during construction to dewater diggings, allowing for safe and efficient building.
In addition, technological advancement of submersible pumps will fuel the market expansion. Because of the introduction of Internet of Things (IoT) technology, automated tracking and oversight of submersible pumps is now possible. Real-time data analytics and predictive maintenance contribute in the increase of pump efficiency, aversion of problems, and the reduction of downtime.
Submersible Pump Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Agricultural Activities– Agriculture, forestry, and fishing generated a 78 percent increase in real terms between 2000 and 2020, surpassing USD 3.6 trillion in 2020. Moreover, in 2021, the agriculture sector holds a solid 4% share of the global GDP. Farmers are using submersible pumps to raise water from wells and boreholes and distribute it to roots, ensuring equal water distribution.
- Increasing Demand for Clean Water – Submersible pumps are utilized frequently for obtaining clean water from ground levels. Therefore, the rising demand for clean water is contributing to the submersible pump market growth. Freshwater is necessary for a healthy human life, but 1.1 billion people across the globe need access to it, and 2.7 billion face a shortage of water.
- Growing Production of Paper– In 2021, the worldwide use of paper and paperboard was around 408 million tonnes. Consumption is expected to rise further over the next ten years, reaching 476 million tonnes by 2032. Submersible pumps are used in the papermaking process to move slurry or pumps between stages.
Challenges
- Difficulty in Maintenance and Service- Since submersible pumps are placed below or deep beneath the ground, they may prove difficult to maintain and service on a regular basis. Furthermore, regular maintenance is critical for decreasing downtime and operating disturbances.
- Large Network of Competitive Market
- Hard to Design a Versatile Pump
Submersible Pump Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.5% |
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Base Year Market Size (2024) |
USD 11.18 billion |
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Forecast Year Market Size (2037) |
USD 22.34 billion |
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Regional Scope |
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Submersible Pump Segmentation
Type (Open-Well Submersible Pump, Bore-Well Submersible Pump)
The bore-well submersible pump market is estimated to gain the largest revenue share of about 60% in the year 2037. The growth of the segment can be attributed to increasing usage of groundwater. Since surface water, such as lakes and rivers are depleting rapidly, therefore the popularity of bore submersible pumps are becoming increasingly important in both residential and commercial sectors. On the other hand, rising urbanization and a growing population are increasing the demand for water, driving the growth of the segment.
Head Type (Below 50 m, 50 m-100 m, Above 100 m)
The above 100 m segment is expected to garner a significant share of around 41% in 2037. The deep levels of freshwater bodies are the major growth factor of the segment growth. Usually, in water distribution activities, water is extracted from lakes and rivers, which are mostly above 100 meters levels. Therefore, the need for a pump with a head height over 100 m becomes increasingly important. Moreover, lakes are often located more than 395 meters below sea level. Additionally, Lake Baikal in Russia is the world's deepest lake. In spots, its bottom is nearly 2 kilometers (more than 1 mile) below the surface.
Our in-depth analysis of the global market includes the following segments:
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Type |
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Head Type |
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Operations |
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Power Rating |
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End Use Industry |
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Customize this ReportSubmersible Pump Industry- Regional Synopsis
North American Market Forecast
The submersible pump market in North America is projected to be the largest with a share of about 35% by the end of 2037. The growth of the market can be attributed majorly to the increasing exploration of shale gas and other unconventional energy resources. According to the US Energy Information Administration (EIA), US dry natural gas production from shale deposits was approximately 28.5 trillion cubic feet (Tcf) in 2022, accounting for roughly eighty percent of total US dry natural gas production. Furthermore, the implementation of policies for oil and gas recovery is also expected to drive the market growth.
APAC Market Statistics
The Asia Pacific submersible pump market is estimated to register a share of about 28% by 2037. The growth of the market can be attributed majorly to the rising government initiative to provide fresh water in rural regions. In 2019, the Indian government launched Mission Jal Jeevan to deliver water supply via pipes service to every household in rural India by 2024. The program focused on the establishment of water sources, and infrastructure, such as water treatment, point-of-entry water treatment systems, further followed by integration of capacity building, and involvement of the community.
Companies Dominating the Submersible Pump Landscape
- Wacker Neuson Group
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Atlas Copco AB
- Xylem Inc.
- Sulzer AG
- The Weir Group PLC
- Kriloskar Brothers Ltd.
- Flowserve Corporation
- Shimge Pump Industry Group Co., Ltd.
- Pleuger Industries
- Shakti Pumps Ltd.
In the News
- Pleuger Industries announced the service partnership with Sun Star Electric Inc. for providing the submersible pump services to the North and South region of America. Moreover, it will also provide after-sales support to the customers.
- Atlas Copco Power and Flow announced the launch of the WEDA D95, the latest electric submersible dewatering pump technology. It has a much longer life than traditional submersible pumps and can endure harsh environment that occurs during mining, construction, and tunneling.
Author Credits: Dhruv Bhatia
- Report ID: 198
- Published Date: Jan 17, 2025
- Report Format: PDF, PPT
